How credit cards become asset-backed bonds
Mortgages aren't the only financial instruments that get turned into securities. Paddy Hirsch explains how companies make money by buying credit card debt and bundling it. #MarketplaceAPM #GreatRecession #EconomicExplainers
More coverage of the financial crisis is at marketplace.org/financialcrisis
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Видео How credit cards become asset-backed bonds канала Marketplace APM
More coverage of the financial crisis is at marketplace.org/financialcrisis
Subscribe to our channel!
https://youtube.com/user/marketplacevideos
Видео How credit cards become asset-backed bonds канала Marketplace APM
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